Connecticut Orders California Loan Modification Peddler To Cease & Desist; Outfit Accused Of Making Offers That Falsely Suggest Affiliation With Bank

From the Office of the Connecticut Attorney General:

• Attorney General George Jepsen is warning consumers that the California companies, Novation Marketing Center and Novation Law Center, are not licensed in Connecticut to provide mortgage loan modification services and are not affiliated with Webster Bank. Jepsen received reports that the companies contacted Webster Bank customers in Connecticut with mortgage modification offers, falsely suggesting an affiliation with the bank.

• Jepsen sent a letter to the Newport Beach companies Wednesday demanding they cease and desist from doing business in Connecticut until they are licensed. He also demanded that the companies provide copies of their advertisements, solicitations and consumer disclosures; to identify and describe all affiliations with Connecticut and national lenders and loan servicers; and to identify all the Connecticut consumers for whom Novation provided any debt negotiation services and whether they had obtained a loan modification for the customer.

For the Connecticut AG press release, see Attorney General Demands Unlicensed Company Stop Debt Negotiation Services In Connecticut.